SMAs (Individual Stocks) For Clients of All Sizes

Recent developments in custodial trading services ($0 commissions and fractional share purchases) are paving the way to a new era for asset management firms. On the surface, $0 commissions and fractional share purchases could sound somewhat trivial, but the reality is that this is a much bigger deal than most people realize.

As an advisor, we can now offer all our clients (big or small) awesome portfolios composed of individual stocks instead of ETFs or mutual funds (click here to watch a screen recording that explains how this works, how it’s possible, etc). The problem, until recently, was that advisors didn’t have access to a custodian that offered both $0 commissions and fractional shares purchases. Advisors also lacked access to affordable trading software.

The launch of Altruist (by Jason Wenk, an industry innovator) solves all these problems and is a complete game-changer (I would like to note that I have no financial interest in Altruist whatsoever, I am simply an industry advocate passing along meaningful information). Altruist offers $0 Commission trading, fractional share purchases, $0 cost DFA trading, and affordable technology for advisors of all sizes.

Advisors will be able to work with clients of any asset level and offer them awesome, low-cost portfolio management services. I believe that forward-thinking advisors will be able to provide their clients with a revolutionary investment management experience while maintaining the same net profit per dollar managed. This is exciting!